The Greek trade deficit shrank 11% in May during a month which showed a 15.4% drop in exports and a 13.6% decline in imports, the Hellenic Statistical Authority said on Friday.
TRADE
Greek Minister of Rural Development and Food Lefteris Avgenakis met with his visiting Chinese counterpart, Minister of Agriculture and Rural Affairs Minister Τang Renjian, on Wednesday.
Greece posted a 5.2-billion-euro decrease in the current and capital account deficit in the first quarter of 2023 compared to the first quarter of 2022, a development related to the significant growth in the balance of secondary incomes, i.e. increased collection of European funds, but also to the reduction of the trade deficit (improvement of the balance of goods) due to a greater increase in exports than imports.
The co-chairs of the Joint Interministerial Committee for Economic, Technological and Scientific Cooperation between Greece and Moldova, Greek Deputy Foreign Minister Kostas Fragogiannis and Deputy Minister for Development and Digitalization of Moldova Vadim Gumene reaffirmed both countries’ strong volition to strengthen economic and trade relations during the fourth meeting of the committee that was held in Chisinau on Friday.
“Greek exports broke the 50-billion-euro barrier in 2022, for the first time in history, and continue moving higher,” Sofia Kounenaki Efraimoglou, president of the Athens Chamber of Commerce and Industry (EBEA), said addressing the Greek Exports Forum & Awards 2023 organized by the Foreign Ministry.
Development and Investment Minister Adonis Georgiadis on Thursday expressed his conviction that a competitive economy and exports – which export associations say are on track to reach 70 billion euros much sooner than the 2030 target date – are the future for Greece, “as this is the only way to avoid reliving the problems of the past.”
Piraeus Port Authority SA (OLP) on Friday announced that 2022 financial results marked another year of growth, with a turnover of 194.6 million euros compared to €154.2 million in 2021, indicating an increase of €40.4 million or 26.2%.
Turkey is ready to open a channel for dialogue to solve its problems with Greece “peacefully,” the country’s Defense Minister, Hulusi Akar, said in an interview to the Anadolu news agency Sunday.
Five product categories led the spectacular rise in Greek exports in January, the Panhellenic Exporters Association said on Friday.
The Greek trade deficit shrank by 21.9% in January 2023 as the increase in the value of exports was around six times more than the growth rate of imports.
Turkey has appeared to halt the transit of sanctioned goods through its territory to Russia, the Russian business paper Kommersant reported on Thursday, citing executives of Russian logistics companies.
Greece has become the world’s unlikely third-largest exporter of kiwi, trailing only New Zealand and Italy, according to experts, who note that it is also the country’s top export fruit and vegetable product in terms of value.
The current account payments balance deficit in the January-to-October period of 2022 rose by 6.3 billion euros year-on-year and stood at 13.6 billion euros, the Bank of Greece reported in figures released on Wednesday.
Disruptions in tanker traffic from Russia’s Black Sea ports to the Mediterranean are a result of a new Turkish insurance rule, not the price cap on Russian oil agreed by a coalition of G7 countries and Australia, an official with the group said on Tuesday.
Rise in exports in first eight months of the year accompanied by increase in imports and widening of the trade deficit during the same period
Greek Development and Investments Minister Adonis Georgiadis met with visiting Serbian Minister of Technological Development and Innovation Nenad Popovic in Athens on Thursday.
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